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Quicken shows more TIPS at Vanguard than Vanguard shows online

Jim_Scuba_Diver

I just bought TIPS at Vanguard. The day the trades settled, Quicken showed the correct number of shares, but valued them far below the balances at Vanguard. The next day, Quicken showed Vanguard reporting an increased number of shares, but when I look online at Vanguard, the numbers are the original purchase. Has anyone experienced this and figured out how to fix it?

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NotACPA

What TIPS transactions show in your account in Q?

And where, precisely, are you showing the amount of shares in Q? There's several possible places.

Jim_Scuba_Diver

2026-09-24 12_01_46-Quicken Classic Premier - TIPS Purchases.png

2026-09-24 12_04_18-Securities Comparison Mismatch.png

The first image is from the register. The "Holding" pop out shows the same # of shares as purchased, but the market value is considerably less.

The second image is from pressing the reconcile icon. I'm not sure where Quicken is getting the "shares reported" as I cannot find these amounts at Vanguard. Thanks for the response. LMK if you need more info!

NotACPA

In your Q register, are the Security descriptions accurate? Because the verbiage after "U S Treasury Note" doesn't match any of what you've shown in the Mismatch graphic.

Which makes me suspect that you've got an incorrect linkage between what's in Q and what's at Vanguard.

And "Shares Reported" is what was downloaded from your brokerage.

Jim_Scuba_Diver

Sorry, the screen shots didn't match the CUSIPs but the holdings are correct. There are 20 separate purchases/holdings (a 10-year ladder).

The linkage is OK.

Here are the 20 securities. Note the losses! (Ignore the last two items.)

They are not listed in the same order, but these are the same CUSIPs. I can't do it in one shot as I can't expand the mismatch pop up.

I haven't tried, but I'm pretty sure if I do the math, if I add in the "missing" shares then the value of the holdings will match what is at Vanguard.

I've just checked Vanguard again and the "shares in Quicken" match what is shown in Vanguard (but NOT the market value)

E.g., 912810PZ5 (listed 2nd in holdings & shares reported): here's what Vanguard shows:

Note the $15K+ difference in market value.

Hope that helps.

Jim

NotACPA

OK, let's start with the T-Note ending in CJY8, where 456.258 shares are "reported' (i.e., the quantity downloaded from Vanguard), but you're only showing 420 in Q.

HOW can you hold a fractional share of a T-Note? And did you buy that security at approx $103? A premium over face value … because that's what your $43,200 for 420 "shs" is showing.

There's something else going on here. For that particular security (when we get this one figured out, I expect the rest to follow), what shows on Vanguard's website?

Jim_Scuba_Diver

OK. Keep in mind that these are TIPS, so the basis does adjust unlike a TBill, etc. (Sorry, I'm sure you know that.) Also, I'm buying them on the secondary market with maturities from 1/15/27 (next year) thru 7/15/36. (Again, sorry if this is clear.)

Here's CJY8 in Vanguard Holdings:

Here's the details:

Detail from capital gain/loss view:

Also note that Quicken and Vangard were in sync (or very close) on the total market value of these securities when they first downloaded. Then, the next day I got the securities mismatch and somehow lost $1,000's! Thanks again!

Sceptic

I think the issue is that Quicken is not able to calculate the correct MVs for TIPS. The missing piece of the equation is the daily Index Ratio.

For 912810PZ5:

Original Principal = 28,000
Index Ratio = 1.555255
Price = 99.68
MV = 280 shrs × 1.555255 × 99.68 = 43,407.80

The Index Ratio updates daily. It seems like Vanguard is sending the original shares (280) X Index Ratio (1.555255) = Vanguard shares reported (435.489)

This would mean updating the shares on Quicken on a daily basis which would be impractical, if not impossible. If the shares on Quicken were to remain at 280, that would mean that Vanguard would need to send in an adjusted daily price (Price X Index Ratio) instead of adjusting the shares daily.

Sceptic

Honestly, I had to ask Copilot what publication provides this daily Index Ratio. It is somewhat confusing because the daily values are interpolated from quarterly numbers.

For TIPS, the daily inflation adjustment is published by the U.S. Treasury in the TIPS and CPI Data dataset. Specifically, use the table titled "Reference CPI Numbers and Daily Index Ratios," which provides the Daily Index Ratio for each TIPS issue by CUSIP. The Daily Index Ratio is the factor used to convert a bond's original principal into its inflation-adjusted principal for any given day, and is the official value used in TIPS valuation calculations.

NotACPA

Sorry for my prior confusion. I'd forgotten what it meant to be a TIPS investment.

Before I was in systems, and then systems audit, I managed a $100Million/day money market trading operation, the vast majority of which was Treasuries ;… but that was before TIPS existed.